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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (9957)	6/3/2003 8:34:43 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95663

WSTS cuts 2003 chip market growth forecast By Peter Clarke Semiconductor Business News (06/03/03 06:30 a.m. EST) siliconstrategies.com LONDON -- The World Semiconductor Trade Statistics (WSTS) organization revised its forecast for worldwide semiconductor industry growth in 2003 to 11.5 percent on Tuesday (June 3, 2003), reduced from the 16.6 percent the organization predicted in October 2002. WSTS is now predicting the world market will reach $156.9 billion in 2003, $185.7 billion in 2004 amounting to an annual growth of 18.4 percent, and $200.4 billion in 2005 representing an annual growth of 7.9 percent. According to WSTS the world semiconductor market reached a size of $141 billion in 2002. This was slightly below the forecast released in October 2002 ($142 billion). Also the first quarter of 2003 was below expectations, the organization said. One factor in the down-rating of growth is that the Asia Pacific region that was assumed to be the driving force for a recovery of the semiconductor market appears hampered due to the respiratory disease SARS and its detrimental effects on general economy. All regions are expected to experience positive growth in 2003 with worldwide semiconductor industry growth of 11.5% but notably the America's will record a growth of just 0.1 percent in 2003. Sensors, digital signal processors and flash memory are expected to show the highest growth rates in 2003, well above 25 percent, WSTS said but with all other products closer to or below the overall market growth rate. WSTS projects the year 2004 to be the year of peak growth (18.4 percent) and expects a deceleration of semiconductor market growth thereafter, with growth rates of 7.9 percent for 2005 and 3.7 percent for 2006.